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China’s panic-buying of salt

Posted on 21 March 2011

This week attention will remain on the spillover effects of Japan’s nuclear crisis as a large degree of edginess remains. Somewhat surprisingly it has been cities across China, including Hong Kong, that have witnessed panic in recent days, in contrast to the relative calm in Japan.
Last week, a salt-buying frenzy was unleashed across China that spread to Hong Kong, which quickly became a rather unsavory spectacle. Rumors had spread via the Internet from across the border that some salt contains iodine, which would provide protection from a looming radiation threat from Japan……………………………………….Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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